Oxbridge Reports Q3 2026 Results and Advances AI GridWorks’ Data Center Pipeline
Globe Newswire•09/11/2026•16:02 ET
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Key Highlights
- ➤Q3 net loss $421,000, or $0.05 per share, versus $187,000 loss
- ➤Nine-month net loss narrowed to $223,000 from $2.19 million
- ➤AI GridWorks evaluates sites, utility power and data center development partners
- ➤SurancePlus completed five 2026–2027 tokenized reinsurance offerings totaling $7.1 million
- ➤Cash and restricted cash rose $12.59 million to $19.57 million
Expert Statements
Jay Madhu, Chairman and Chief Executive Officer of Oxbridge
“Since launching AI GridWorks in August, we’ve assembled a development team, begun evaluating specific sites and engaged with utilities to assess how much power those sites could support and when it could be delivered.”
Jay Madhu, Chairman and Chief Executive Officer of Oxbridge
“Our opportunity starts with the land. Securing site control, establishing a path to power and advancing permits can add value well before construction begins. That gives us choices about where to commit capital and which projects to develop ourselves, pursue with a partner or sell at an earlier stage.”
Jay Madhu, Chairman and Chief Executive Officer of Oxbridge
“At SurancePlus, completing our first third-party offerings demonstrated that we can structure and issue tokenized securities tied to reinsurance originated outside Oxbridge.”
AI GridWorks assesses sites and power as SurancePlus expands into third-party reinsurance
GRAND CAYMAN, Cayman Islands, Nov. 09, 2026 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR) (the “Company” or “Oxbridge”) today reported financial results for the three and nine months ended September 30, 2026, and provided updates on SurancePlus and AI GridWorks.
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